On March 7, 2019, at the French Embassy in Hanoi, Vietnam Truong Thanh Group, Quadran International Group (France) and the Bank for Investment and Development of Vietnam (BIDV) held a ceremony on signing credit contract for Cat Hiep Solar Power Project with a credit limit of 37 million USD.
This is the event to realize the signing ceremony of the cooperation agreement to finance the construction of the Cat Hiep Solar Power Plant project between BIDV, Quadran International, and Vietnam Truong Thanh Group under the witness of French Prime Minister – Edouard Philippe and Vietnamese Prime Minister Nguyen Xuan Phuc were held on November 2, 2018 in Hanoi.
The ceremony was held under the chairmanship of Mr. Bertrand Lortholary, Ambassador of the French Republic to Vietnam. Attending the event were officials of the French Embassy in Vietnam, BIDV Bank, and partners of the investor.
Leaders of TTVN in the signing ceremony at the French Embassy
The Cat Hiep Solar Power Plant project was started in September 2018 with a capacity of 49.45MWp in Cat Hiep commune, Phu Cat district, Binh Dinh province, co-operated by Truong Thanh Group of Vietnam (TTVN Group) deployed with partner Quadran International (QI). The project is currently under construction and is expected to be put into commercial operation before June 30, 2019. The project’s expected power output is about 76,500 MkW per year.
As an enterprise that always aims at activities with green, clean goals and associated with the development of the community and society, Cat Hiep Solar Power Project is one of the projects of TTVN Group using photovoltaic technology to convert sunlight directly into electrical energy.
At the ceremony, Mr. A.Lambolez, General Director of Quadran International highly appreciated TTVN Group’s ability to cooperate in implementing the Cat Hiep solar power project; hopes to continue to cooperate with TTVN Group to deploy renewable energy power plants in Vietnam. Mr. A. Lambolez said that with the commitment of the Vietnamese Government in encouraging the development of renewable energy projects, Vietnam will be one of the most active and promising markets in the region that Quadran International continues to move forward.
Cat Hiep solar power plant is one of the solar power projects that TTVN Group is implementing and building simultaneously with Binh Nguyen solar power plants in Quang Ngai, and Hoa Hoi solar power plants in Phu Yen. Along with the Government’s encouraging policy and the development needs of a dynamic economy, TTVN Group is striving to bring the field of renewable energy investment to a new level, contributing to ensuring energy security, reducing environmental pollution as well as greenhouse gas emissions, and limiting negative impacts on climate change, from which TTVN Group develops community and society.
GENERAL INFORMATION ABOUT THE PROJECT:
1. Project Name: Cat Hiep Solar Power Plant Project
2. Construction site: Cat Hiep Commune – Binh Dinh Province – Vietnam
3. Construction investment capital sources: Own capital and commercial loans
4. Total investment: 1,139 trillion VND
5. Scale of work items, construction works: Capacity 49.5 MWp
6. List of contractors (General construction contractor, main contractor): JUWI
7. Start date and completion date: 9/2018 – 6/2019
